Section 81AA(8A)

Case 4 is where— the banking group company is (or, but for the exercise of a stabilisation power, would be) a parent undertaking of a bank from which it has purchased (directly or indirectly) relevant capital instruments or relevant internal liabilities, the banking group company is not a resolution entity, the relevant capital instruments or relevant internal liabilities of the banking group company have been purchased (directly or indirectly) by a resolution entity in the same resolution group as the banking group company, any of the cases provided for in section 6A applies to the bank referred to in paragraph (a) above, and none of cases 1 to 3 in this section applies to the banking group company.

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Source: legislation.gov.uk · retrieved 2026-09-04